Best Cheap Car Insurance for Good Drivers in Alaska

It’s hard to avoid all the captivating commercials from car insurance companies like Progressive and Allstate that guarantee big savings, so drivers should just choose the one with the flashiest ad, right?

That is not the case, however, as there are a whole bunch of unknown aspects such as the performance level of your vehicle, if you are a homeowner, and whether or not you are currently insured, that all impact the cost of your policy. We are going to cover some of these factors and will hopefully give the reader a good beginning to your search for cheaper coverage.

One of the more important criteria that help set insurance cost is the neighborhood you call home in Alaska. Cities with larger populations like Anchorage, Palmer, and College will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.

The table below ranks the highest-priced places in Alaska for good drivers to buy auto insurance in.

Information shown are comparative as zip code location can modify premiums considerably.

Establishing which company offers the cheapest car insurance rates for good drivers calls for a bit more work than just comparing rates from one or two companies. Every insurance provider uses their own formula for filing rates in each state, so let’s take a look at the car insurance companies with the overall best prices in Alaska.

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Umialik may offer some of the cheapest car insurance rates in Alaska at around $892 each year. USAA, State Farm, Progressive, and GEICO are also some of the best Alaska car insurance companies.

As the rates illustrate above, if you are currently insured with Progressive and switched to USAA, you might achieve a yearly savings of roughly $266. Alaska drivers with GEICO may save as much as $1,005 a year, and Allstate insureds might reduce rates by $1,440 a year.

To find the best cheap auto insurance for good drivers in Alaska for your vehicle, click here to start a quote or feel free to get quotes from the companies below.

Remember that these premium estimates are averages for all insureds and vehicles and do not factor in a price discount for good drivers. So the auto insurance company that is most affordable for your situation may not even be shown in the chart above. That’s why you need to get quotes using your own driver information and specific vehicle type.

The information below demonstrates how choosing different deductibles can affect insurance premiums when trying to find cheap insurance for good drivers. The rate quotes are based on a single male driver, comp and collision included, and no discounts are applied.

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A 30-year-old driver could save $342 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $512 by using a $1,000 deductible. Even younger drivers, like the 20-year-old, can cut up to $1,010 each year by selecting a higher deductible. When raising deductibles, it is necessary to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.